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TFC Commodity Trading Forum

Today's Market View - Grains and Meats

Today's Market View Corn Futures Expected to Open 3 to 6 Higher as of 7:15 a.m. CDT
26 minutes ago

Corn: Thursday's limit-down move has the market in danger of establishing a bearish reversal and a short-term downtrend, possibly sparking additional noncommercial long-liquidation.

Soybeans: The bean market attempted to rally for a second straight day only to be pulled lower by spillover pressure from the other grains. Renewed buying interest could surface soon given the increasingly bullish commercial outlook near-term.

Wheat: Despite a mostly dry weather pattern in the 10-day forecast across the southwest Plains and expectations for continued planting delays for the Northern Plains, wheat contracts struggled for a second consecutive day with sharp losses.

Live Cattle: Increasing concern about wholesale meat prices and long-term demand put cattle on the defensive Thursday, though contracts were able to recover from triple-digit losses to settle only modestly lower.

Cotton: New-crop cotton charged back from sharp losses on renewed noncommercial buying interest, although the commercial outlook is growing less bullish as indicated by the weakening December-to-March inverted futures spread.